China-linked group pays $3.675m for Brunswick site

China-linked group pays $3.675m for Brunswick site
China-linked group pays $3.675m for Brunswick site

A vacant possession with existing permit for 34 units in Brunswick has been sold to development group with strong Chinese ties for $3.675 million in off-market deal brokered by Savills Australia’s CBD & Metropolitan Sales Division.

The property, 2-6 Duckett Street, is 687 sqm, zoned Commercial 1 with a street frontage of 19 metres, was sold by Director, Julian Heatherich and Associate Director, Jesse Radisich. 

The site forms part of a precinct bounded by Sydney Road, Albion Street, Hope Street and the railway line which forms part of the Brunswick Major Activity Centre. 

The latter site sold to a prominent local developer for $4 million with a permit for 39 units.

Tags: 
China Development

Comments

Be the first one to comment on this article
What would you like to say about this project?